1. Insurance. Notify your insurance company or companies that you have formed a [corporation / limited liability company]. Examples of such insurance companies include, but may not be limited to, the following: workers' compensation; general public liability; and fire, property, and office contents insurance.

2. Telephone. The telephone service should be listed in the name of the Company. Contact your telephone company representative.

3. Associations. All societies and associations to which you belong should be notified that you have formed a [corporation / limited liability company] and that you intend to operate in such capacity in the future.

4. Signatures. Whenever signing anything on behalf of the entity, you must indicate representative capacity to avoid personal liability. For example,

5. Credit cards. Credit cards should be issued in the name of the Company and should be used for all Company purposes, which include, but are not limited to, the following: travel and entertainment, acquisition of supplies and equipment, and payment of miscellaneous expenses normally associated with Company purposes.

6. Personal expenses. If at any time you personally expend any sum or sums for the benefit of the Company, it is suggested that the Company issue a check reimbursing you for any such expenses incurred. For example, if you make a payment for and on behalf of the Company, you may merely deliver the receipt to the Company and, in exchange, receive a check as payment in full for that expense. You are, however, requested to confer with your accountant regarding specific procedures to be used.

7. Stationery. All letterheads, envelopes, receipt forms, and other paper supplies should be ordered in the name of the Company or any assumed name adopted by the Company.

8. Bank accounts.

9. Checks. When you open the checking account for the Company, be certain to order checks that have been approved by your accountant. In this regard, you may wish to special order a specific form of check that will provide a space for a memorandum of the payment or space for the wages withheld, etc. Your accountant may recommend that you utilize computer based software programs that permit you to print checks directly from your computer and input the information into a software accounting package.

10. Bookkeeping. Confer with your accountant about the specific form of bookkeeping procedure to be used.

11. Assets. If you have not already done so, please provide me with a list of all assets that will be transferred by you to the Company.

12. Motor vehicle. Subject to the preference of your accountant, you may wish to either transfer your automobile to the Company or have the Company reimburse you for your use of the vehicle for and on behalf of the Company.

13. Miscellaneous insurance. You should review your present insurance coverage with your insurance representative. Specifically, you should review your life, disability, health, and accident insurance.

14. Michigan annual report/statement. It is the duty of each Company to file an annual report with the State of Michigan. Failure to file the report in a timely manner will result in penalties being imposed and, further, may result in the inadvertent dissolution of the Company.

15. Maintenance of company books and records. Each Company must keep books and records of accounts and minutes of proceedings of its shareholder and director meetings. A Company record book is now being prepared and will be maintained at our offices and updated with minutes of the annual meetings of shareholder(s) and director(s)/members on a regular basis for your benefit. If you prefer to have possession of the Company record book and update the minutes annually as required by law, please advise.

16. Corporate shareholder meetings. Shareholders control the policies of the Company through their power to vote for directors and for other corporate changes. At least once each year the Company must cause a financial report of the Company for the preceding fiscal year to be made and distributed to each shareholder within four months after the end of the fiscal year. The report must include the Company's statement of income, year-end balance sheet, and, if possible, a statement of source and application of funds. The Company's activities and financial report should be presented at the annual meeting of shareholder(s), at which time there should be an election to the board of directors.

17. Corporate director meetings. The board of directors is charged with the duty and responsibility of managing the business and affairs of the Company, determining corporate policies, and selecting officers and agents who carry on the day-to-day operations of the Company. An annual meeting must be held each year.

18. Notice regarding formation of Company. You must inform your customers or other vendors with whom you have conducted business that you have formed the Company and clearly indicate you are not conducting business in the former manner.